New Jersey § 38:23b-19
Full text of New Jersey New Jersey Statutes § 38:23b-19, with citation guidance and answers to common questions.
§ 38:23b-19.
For either one of the purposes set forth in section one of this act, 1 no veteran shall accept more than one loan under the provisions of this act, regardless
of the amount of such loan, except that a veteran who has received a veteran's loan
for less than the maximum amount of the loan to which he may be entitled for such
purpose under this act, and who is otherwise eligible for a veteran's loan, may apply
for and receive a second veteran's loan for such purpose. In such application the veteran shall disclose that it is for a second veteran's
loan for such purpose, and the bank making such loan shall make certain that any unpaid
portion of the first loan is paid in full, both as to principal and interest, from
the proceeds of such second veteran's loan. In no event shall any veteran receive more than four veterans' loans under the provisions
of this act, of which not more than two, totalling not more than three thousand dollars
($3,000.00), shall be for the purpose of establishing or re-establishing himself in
a business or profession, and not more than two, totalling not more than one thousand
dollars ($1,000.00) shall be for the purpose of financing the purchase of specific
household furnishings or household appliances, or both, required by him for use in
his home. 1
N.J.S.A. §§ 38:23B-1 to 38:23B-23.
Frequently Asked Questions About New Jersey § 38:23b-19
What does New Jersey Statutes § 38:23b-19 cover?
Section 38:23b-19 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 38:23b-19?
A common citation format is "New Jersey Statutes § 38:23b-19" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 38:23b-19 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.